Examlex

Solved

MacHeath Inc

question 50

Multiple Choice

MacHeath Inc.bought 60% of the outstanding common stock of Nomes Inc.in a business combination that resulted in the recognition of goodwill.Nomes owned a piece of land that cost $250,000 but was worth $600,000 at the date of purchase.What value would be attributed to this land in a consolidated balance sheet at the date of takeover,according to the acquisition method per SFAS 141(R) and the purchase method per SFAS 141? MacHeath Inc.bought 60% of the outstanding common stock of Nomes Inc.in a business combination that resulted in the recognition of goodwill.Nomes owned a piece of land that cost $250,000 but was worth $600,000 at the date of purchase.What value would be attributed to this land in a consolidated balance sheet at the date of takeover,according to the acquisition method per SFAS 141(R) and the purchase method per SFAS 141?   A) Entry A B) Entry B C) Entry C D) Entry D E) Entry E


Definitions:

Causal Arrow

A concept used to denote the direction of cause and effect in studies and theories.

Negative Schema

Cognitive frameworks or beliefs that lead individuals to view themselves, others, and the world in a pessimistic or detrimental light.

Learned Helplessness

A condition in which individuals believe they have no control over the outcomes of events, leading to passivity and depression.

Explanatory Style

A psychological attribute that indicates how people explain to themselves why they experience a particular event, either positive or negative.

Related Questions